Elections

Gold drops to a 2-month low, down nearly 4% for the week, after upbeat U.S. jobs data Copper prices climb, register weekly rise of over 5%Gold futures drop Friday to post a loss of nearly 4% for the week, as an unexpected monthly rise in U.S. jobs in May rallies the stock market, pushing prices for the haven metal to their lowest finish in two months.

Oil futures log 3-month high on bets for an extension of global production cuts EIA report Wednesday expected to show a climb in U.S. crude supplies: S&P Global Platts surveyOil futures climb on Tuesday to log their highest settlement in about three months, supported by reports that major crude producers may agree to extend output cuts that terminate at the end of June to further steady oil prices.

Beware of ‘foreign tourists’ pushing up the S&P 500, then bailing when things get bumpy, says Citi Critical information for the U.S. trading day Wall Street wariness is spreading. After Goldman’s warning of an 18% stock drop earlier this week, Citigroup warns that foreign investors may be getting interested in U.S. stocks, and history shows that could be a problem.

Why the Dow industrials won’t get derailed by U.S.-China coronavirus tensions An aggressive Federal Reserve remains the main market driver, says Capital EconomicsRising tensions between the U.S. and China over the handling of the COVID-19 pandemic are sending shivers through financial markets, but shouldn’t have a lasting effect on a stock market that’s in rebound mode, says Capital Economics.

Wild stock-market swings are ‘emotionally and intellectually wearing’ on Wall Street 1,000 points here, 1,000 points there, and now you’re taking about real stock movesOver the past few sessions, volatility has reigned supreme on Wall Street. Outsize moves in U.S. equity benchmarks have come at a daily clip lately. And you can blame coronavirus or Bernie Sanders or the Federal Reserve, but wild intraday swings and dramatic intersession moves are here to stay, say strategists and market experts.

10-year Treasury yield sets record low below 1% after Fed rate cut Fed lowers policy interest rate to range between 1.00% and 1.25%U.S. Treasury yields fell to record lows on Tuesday after the Federal Reserve carried out a 50 basis point emergency interest rate cut two weeks before its March meeting, amid worries that the COVID-19 outbreak could slow the U.S. and global economy.

Here are all the things that could go wrong in 2020, according to Nouriel Roubini From hot wars to weaponized financial assets, the U.S. faces severe economic, financial, political and geopolitical disturbances A number of potential disruptive ‘white swans’ can be seen on the horizon. Any of them could trigger severe economic, financial, political, and geopolitical disturbances unlike anything since the 2008 crisis.

Health insurer stocks surge as Bernie Sanders’ primary win seen boosting Trump’s chances UnitedHealth shares shoot up into record territory, accounts for about one-third of the Dow’s rallyShares of health insurers charged higher Wednesday, as Bernie Sanders’ victory in the New Hampshire primary was seen as increasing the odds that President Trump will be re-elected, which Wall Street views as a positive for insurers, as well as the broader stock market.

Amazon earnings preview: Antitrust chatter will pick up ahead of presidential election MKM analysts think Amazon got a boost during the holiday season from faster shippingAmazon is scheduled to announce fourth-quarter earnings on Thursday.

European stocks struggle amid renewed U.S.-China trade concerns ASM International and Jerónimo Martins among stocks on the move European stocks struggle to get a foothold on Wednesday, as investors look to the potential for renewed trade tensions between the U.S. and China.

Yardeni: No recession, steady economy and low inflation favor stocks in 2020 Financial markets to get a tailwind from U.S. economy’s measured growthFinancial markets to get a tailwind from U.S. economy’s measured growth, writes Ed Yardeni.

Dow industrials in 2020 will hit 32,000, predicts Trump’s trade adviser Peter Navarro ‘I’m seeing at least 32,000 on the Dow,’ says Navarro Speaking on CNBC on Tuesday, Navarro forecast another period of buoyancy for equity benchmarks and the U.S. economy.

Gold price marks highest finish in more than 8 weeks Silver futures settle just shy of key $18/oz. priceGold futures settled at $1,514.40 an ounce Thursday, marking a third session of gains in a row and the highest finish for the precious metal since early November.

Asian markets gain after record highs on Wall Street Strong economic data from China helps boost Nikkei, Hang SengAsian shares rose Tuesday following a rally on Wall Street that sent the major indexes to record highs, cheered by surprisingly strong economic reports out of China.

S&P 500, Nasdaq eke out new records in wake of U.S.-China trade pact Trump says new tariffs on China due Sunday won’t take effect U.S. stocks closed slightly higher Friday after President Donald Trump and Chinese officials announced a trade pact that includes a rollback of some tariffs, the scrapping of further duties originally set for Sunday, and promises of targeted U.S. agricultural purchases by China.

Oil ends at 3-month high as the U.S. and China reach a preliminary phase one trade deal WTI and Brent oil both mark highest settlements since Sept. 16Oil futures end higher on Friday, with U.S. and global benchmark prices at their highest levels since mid-September, after the U.S. and China said they have reached a preliminary agreement on a phase one trade agreement.

Gold ends lower as Trump tweet raises optimism that trade deal with China near Palladium futures mark a new record above $1,900/ozGold prices end lower on Thursday as President Donald Trump’s tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal.

Gold prices slip a bit ahead of Fed meeting this week Copper prices lead gains for Comex metals, up 1% in Monday dealingsGold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the Federal Reserve and a U.K. general election that could roil markets.

Asian markets inch up ahead of U.S. jobs report Nikkei, Hang Seng advance as China offers reassurance that trade talks are on trackAsian markets gained in early trading Friday after a senior Chinese official said negotiations for a phase-one trade deal with the U.S. are progressing.

U.S. stocks shrug off trade deal concerns, close higher U.S. monthly jobs data due Friday U.S. stocks bounce higher Thursday with investors still optimistic about prospects for a partial U.S.-China trade deal.

Gold settles lower as report indicates progress in U.S.-China talks Bloomberg News says amount of tariff rollbacks are being negotiatedGold futures settle lower Wednesday, pulling back from a nearly one-month high a day earlier, as investors weigh a report that trade talks between Beijing and Washington are progressing again, despite President Trump’s comments that he could delay a partial resolution until after the 2020 presidential elections.

European stocks charge ahead amid fresh hopes for U.S.-China trade deal European Services PMI data survey shows slight improvementEuropean stocks are jumping higher after a report said the U.S. and China are working toward a phase one agreement, despite downbeat comments from President Donald Trump a day earlier.

Stocks fall after Trump says China deal may be best after 2020 election U.S. stocks suffer third straight day of declines Stocks fell Tuesday after President Donald Trump said his trade war with China may drag on past the 2020 U.S. elections, but major equities ended the day well off session lows.

Gold ends at a nearly 1-month high as Trump suggests China trade deal could wait till after 2020 election Trump’s willingness to open new fronts in trade war unnerves marketsGold futures mark highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a long-awaited U.S.-China trade deal until after the November 2020 presidential election.

Treasury yields retreat on U.K. political jitters British bond yields retreat after poll shows growing support for Labour partyU.S. Treasury yields fall Tuesday as bond buyers remain skeptical of a trade deal and were rattled by signs that the U.K. Conservative Party may struggle to achieve a Brexit agreement.

Gold prices end lower for the week Gold prices suffer a weekly loss of 0.3%Gold futures settled unchanged Friday, ending the week with a loss as data showing strong November gains in the U.S. manufacturing and services indexes and a rise in consumer sentiment buoyed benchmark stock indexes, dulling gold’s haven appeal.

U.S. stock market at record but farm bankruptcies at highest since 2011 Squeeze on farmers underscores the toll the trade war has taken on a critical Trump constituency ahead of the 2020 electionsWhile the U.S. stock market is soaring to new records, with the Dow Jones Industrial Average hitting 28,000 on Friday, farmers are having trouble paying their bills in the heart of America’s agricultural sector.

British pound surges after Brexit Party leader Nigel Farage says he won’t challenge Conservative seats FTSE 100 led lower by miners, energyThe British pound shot higher on Monday, after Brexit Party leader Nigel Farage said his party won’t contest seats captured by the ruling Conservative Party in the last election.

Credit Suisse calls for ‘tactical pause’ in U.K. stocks ahead of election Brexit outcome still a risk Credit Suisse advised investors to take a “tactical pause” in U.K. stocks before the December general election.

European chip stocks dragged lower after Texas Instruments’ weak outlook Infineon, Heineken, Peugeot among stocks on the moveEuropean stock markets struggled on Wednesday, with the tech sector weighing on them after a downbeat outlook from Texas Instruments hit the chip industry’s recovery hopes.

Stocks close lower amid trade-deal skepticism, economic growth concerns IMF likely to lower global growth forecast further Tuesday U.S. stocks snap a three-day winning streak on Monday during a partial U.S. holiday as investors mulled the trade deal with China and monitored the latest developments in the Brexit drama

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